For Sale

$750,000

HIGHLIGHTS:
  • Active
  • $7,200/month
  • 5 DOM
  • 2 Stories
  • 0 Beds
  • 4,832 SqFT
Description

Eight-unit multifamily investment opportunity consisting of four two-bedroom units and four one-bedroom units. The property received a comprehensive interior renovation in 2023, including new cabinets, flooring, paint, doors, tubs, toilets, and tile throughout the units, providing a solid foundation for continued operation and future improvements. Major capital items have been addressed, with roofs replaced in 2020 and HVAC systems updated in 2019. The property is currently 7 of 8 units occupied, with several long-term tenants in place, supporting consistent in-place income while allowing an investor the ability to implement rent growth and operational improvements over time. This asset presents an attractive opportunity for an investor seeking existing cash flow with value-add potential, supported by recent renovations and updated major systems, while still offering room to further enhance performance

Overview
  • MLS Number: 13524875
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 4,832 SqF
  • Land Size: 7,448 sqft
  • Year Built: 1964
Financial
Price:
$750,000
Price/SqFT:
$155.22
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$7,200 *
Tax Amount:
$0
Amenities and features
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Vinyl Plank
    Cooling:
    Central Electric
    Heating:
    Central Electric,Central Gas
    Microwave:
    Yes
    Energy Feature:
    Ceiling Fans
  • Roof:
    Composition
    Exterior Type:
    Brick
    Lot Description:
    Cleared
    Parking Unit:
    One

Listed By:
Christian Reyes

Compass RE Texas, LLC - The Woodlands

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